Commission presents amendments to CRR, CRDIV, BRRD and SRMR

01/01/2017

On 23 November 2016, the European Commission has presented a comprehensive package of reforms to further strengthen the resilience of EU banks.

On 23 November 2016, the European Commission has presented a comprehensive package of reforms to further strengthen the resilience of EU banks. The proposed legislative package aims at amending the CRR, CRD IV, as well as the Bank Recovery and Resolution Directive (BRRD) and the Single Resolution Mechanism Regulation (SRMR). This proposal builds on existing EU banking rules and aims to complete the post crisis regulatory agenda by making sure that the regulatory framework addresses any outstanding challenges to financial stability, while ensuring that banks can continue to support the real economy.

Transparency rules on tax intermediaries
On 5 June 2018, Council Directive amending Directive 2011/16/EU on administrative cooperation in the field of taxation...

International and European news

On 5 June 2018, Council Directive amending Directive 2011/16/EU on administrative cooperation in the field of taxation as regards mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements in order to disclose potentially aggressive tax planning arrangements (also commonly referred to as DAC6) was...

Clarification on safekeeping duties of fund depositaries
On July 12, 2018, the European Commission adopted revisions to the Delegated Regulations on the safekeeping duties of...

International and European news

On July 12, 2018, the European Commission adopted revisions to the Delegated Regulations on the safekeeping duties of depositaries under both the Alternative Investment Fund Managers Directive (AIFMD) and the Undertakings for Collective Investment in Transferable Securities Directive (UCITS).